Starting at age 22 with a MBA in Finance seems like a big head start. But now what? I've only had one goal in life: graduate from college, and now I've done it. I needed a new goal. This blog started with a goal: make $1 million by 30. But after a year, I realize I need to do more with my life and more with my knowledge of finance.

Tuesday, February 27, 2007

Recently, I heard about residents in Weatherford, Texas who were handled huge bills, ranging in the billions (Story here). The man in the story reported he was charged $24 billion for that month's electricity. After seeing this story, I set out to see just how much electricity that would be.

So lets consider it by the hour:

There are 30 days in a month, times 24 hours in a day, which is 720 hours.That's about $30.5 million in electricity per hour.I researched the cost of a Kilowatt-Hour (kWh) and discovered it was around 10 cents per kWh.

So we're talk about 305 million kWhs. But that number is too big to mean anything. I found a great page for household appliance's energy usage (link), but the energy usage from that is too small.

A typical fast car has about 350 horsepower (HP) which is about 261 kilowatts of power. So running that same engine for an hour, we obtain 261 kWh. So using this comparison, this man in Texas was consuming the same amount of electrical power as that generated by 1.5 million sports cars in the span of an hour.

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About Me

I am 24, and graduated with a MBA in Finance from a top 30 business school in March 2007. I work for a large insurance company in a 3-year finance management rotation program.. Even though I work in finance, applying my knowledge to my own finances will be a journey. Along the way, I hope I can help others along who are facing similar situations.
Contact me at: financeguy [at] moneyandsenseblog (dot) com

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I am not responsible for any financial and/or personal situations that arise from information in any of my blog posts. Financial advice is given to the best of my knowledge, which may or may not be accurate. Stock picks and stock market analysis should be considered 100% bias, as I will obviously talk about good/bad picks that I personally may or may not be considering/holding.